the initiative has galvanized nearly one trillion dollars of investment, established more than 3,000 cooperation projects, created 420,000 local jobs and helped lift almost 40 million people out of poverty.
BEIJING, Jan. 17 (Xinhua) -- China's gross domestic product (GDP) posted a growth of 5.2 percent year on year in 2023, beating the whole-year target of around 5 percent, data from the National Bureau of Statistics showed Wednesday. Against a world economy in the doldrums, China is mana...
Guided by "Xiconomics," the economic philosophy of Chinese President Xi Jinping, China is following a path for high-quality development. China's GDP grew 8.1 percent year on year to 114 trillion yuan (18 trillion U.S. dollars), accounting for 18 percent of the global total. With a people...
the initiative has galvanized nearly one trillion dollars of investment, established more than 3,000 cooperation projects, created 420,000 local jobs and helped lift almost 40 million people out of poverty.
$18.45 trillion As of December 2024, the seasonally adjusted M1 money supply according to the Federal Reserve. Effect of the Money Supply on the Economy An increase in the supply of money typically lowers interest rates, which generates more investment and puts more money in the hands of consum...
We assess the relative importance of domestic and foreign disturbances in explaining fluctuations in key macroeconomic variables and find that both types of shocks are equally important. We reach this conclusion within a constructed two-sector open economy DSGE model context, where we isolate the relat...
GDP provides an economic snapshot of a country, used to estimate the size of an economy and its growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes, and it can be adjusted for inflation and population to provide deeper insights. ...
Trade cooperation among the BRICS countries has seen remarkable progress over the years. In 2021, the total volume of trade in goods of BRICS countries reached nearly 8.55 trillion dollars, up by 33.4 percent year on year, official data shows. Meanwhile, China's trade with other BRICS countries...
and China, with tariffs rising and officials shuttling back and forth between Washington and Beijing. Then, the two countries agreed to a "phase one" deal right at the end of the year. The U.S. economy suffered a lot from trade battles, as the Federal Reserve's beige...
In 2024, Foshan's economy maintained steady growth with improved quality, reaching a GDP of 1.34 trillion yuan. In 2025, Foshan will continue to make efforts in various aspects, such as modernization of the industrial system, consumption and investment, and technological innovation to drive high-...